DADE Token

The purpose of the dade token is to provide Miami the token of the 305. We want to build a token to be associated with the Miami experience. This means a token that can be used in bars, events, and other entertainment venues. We want to incentivize people to go out, have fun and experience Miami’s wonderful (and crazy) culture. Events will be published on this website where users will be able to vote on. Users will be able to vote on the events using their dade tokens and sending it to an event address. Different events will have different voting costs.The event voting window will close once it receives a certain number of participants and dade tokens. This will unlock funds used to pay for the venue.

We, the community, want to be able to shape the Miami nightlife and the events we will go to.

Dade token’s ‘sabroso’ (tasty) recipe is the built-in mechanism built into the contract.

When buyers and sellers act in the market, a transaction fee is extracted from each transaction. This fee, which is added back to the LP, helps stabilize the token price and allow the buyers and sellers to transact with less friction.

The fee also helps incentivize holders to hold on to the token by rewarding token holders a percentage of the transaction fee. In theory this will help bring more traders to the token and help the token mature naturally over time. This fee further helps support the price floor of the token. Naturally , as more liquidity becomes available, it will help support more Miami events.

As the DADE token LP increases, the price stability gives holders a cushion against giant price swings. The ultimate goal is to prevent large dips when large transactions take place, such in the event when a whale (large token holder) transacts in the DeFi exchange.

We believe our token will outperform other tokens due to these aforementioned mechanisms and due to the fact that Miami is such a fun place to be in.

Dade token uses two simple functions: Reflection & LP acquisition. The transaction is taxed a 10% fee, which is split 2 ways.

* 5% fee = redistributed to all existing holders

* 5% fee is split 50/50 half of which is sold by the contract into BUSD, while the other half of the DADE tokens are paired automatically with the previously mentioned BUSD and added as a liquidity pair on Pancake Swap.

After initial airdrops, original dev will only keep 5% of the tokens. This wallet will be used for supporting the marketing, development, and other dade token ventures.

LP generated with every trade and locked on Pancake Swap.

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